According to data from IntoTheBlock, a meme coin in the Shiba Inu ecosystem has witnessed massive whale interest. The BONE investments of these deep-pocketed investors increased one day after the Shibarium PuppyNet beta release. Here are the details.
shiba inu‘s lead developer, Shytoshi Kusama, announced on March 11 that the Shibarium beta test is live. Introducing the beta test, the developer said that the first beta test of Shibarium Network will be called ‘Puppynet’. Interestingly, this development caused whales to increase their BONE balance.
The above-mentioned group of investors currently has 126.15 million BONDS. This corresponds to 54.84% of the total BONE supply. But if we go back a bit, on March 11, the balance of these wallets was 125.95 million, which is 200,000 BONUS less than the current value. Interestingly, 33.19% of this amount is concentrated only in the six largest addresses.
As it is known, BONE will be used as a local “gas token” in the Shibarium Layer-2 solution. Meme coin will play an important role in Shibarium, i.e. the meme coin ecosystem in general. So it’s not surprising that big investors decided to take advantage of the drop in BONE’s price amid the uncertainty in the crypto market.
Koinfinans.com Overall, as we reported, BONE remains a profitable asset for most of its owners. Addresses that are already in the snow make up 70% of the total. For a clearer comparison, the profitable addresses of SHIB holders, the native Shiba Inu token, are just over 30%.
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